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Technology Stocks : WDC/Sandisk Corporation
WDC 169.99-2.4%3:59 PM EST
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To: Ausdauer who wrote (7028)9/23/1999 3:40:00 PM
From: Art Bechhoefer  Read Replies (2) of 60323
 
Thanks for the update. The loss of life and destruction, particularly in urban areas, is terrible, but it appears that the manufacturing capabilities will be affected for perhaps only a week. It is likely there is some insurance coverage, but I rather think that the ultimate result will be to defer, rather than cancel shipments. If so, we can expect less in the next financial report, but possibly more in the one beyond that. I think the market has overreacted, with the current price at 70.
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